By Jim Miller

California’s pot of school bond money may be empty, but school and community college districts have more than $37 billion in authorized – but unspent – school-construction bonds, according to a report by the state’s debt commission.

Since November 2002, there have been 681 school and community college elections that yielded about $90.1 billion in voter-approved borrowing authority to build and modernize schools. Yet only about $52.6 billion of those bonds have actually been issued, according to the California Debt and Investment Advisory Commission report last week.

via California schools have $37 billion in unissued bonds – Capitol and California – The Sacramento Bee.